{"id":36811,"date":"2024-11-03T21:54:12","date_gmt":"2024-11-03T21:54:12","guid":{"rendered":"https:\/\/www.writemyessays.app\/blog\/questions\/fortunate-ltd-operates-in-the-united-kingdom-uk-and-sells-product-a-a-perishable-food-item-which-is-ordered-from-suppliers\/"},"modified":"2024-11-03T21:54:12","modified_gmt":"2024-11-03T21:54:12","slug":"fortunate-ltd-operates-in-the-united-kingdom-uk-and-sells-product-a-a-perishable-food-item-which-is-ordered-from-suppliers","status":"publish","type":"questions","link":"https:\/\/www.writemyessays.app\/blog\/questions\/fortunate-ltd-operates-in-the-united-kingdom-uk-and-sells-product-a-a-perishable-food-item-which-is-ordered-from-suppliers\/","title":{"rendered":"Fortunate Ltd operates in the United Kingdom (UK) and sells Product A – a perishable food item, which is ordered from suppliers."},"content":{"rendered":"

Details of the task<\/span><\/p>\n

 <\/span><\/p>\n

Fortunate Ltd operates in the United Kingdom (UK) and sells Product A – a perishable food item, which is ordered from suppliers. They also specialise in the manufacture and sale of Product B. As a recently established company, they are seeking a team of financial accountants to assist with their Financial andManagement accounting procedures. The company’s management has heard about key terms in both Financial and management Accounting,<\/span><\/p>\n

 <\/span><\/p>\n

As a new Accountant within the Financial and Management Accounting department at Fortunate Ltd, the CFO has asked you to prepare a report for the next board meeting.<\/span><\/p>\n

 <\/span><\/p>\n

1. Discuss the books of prime entry in details and provide examples of each. <\/span><\/span><\/p>\n

                                                                                                   <\/span><\/span>  <\/span><\/span>(10 marks)<\/span><\/p>\n

                                                                                                                         <\/span><\/p>\n

2. Briefly discuss statement of the financial statements and provide examples of each.<\/span><\/p>\n

                                                                                              <\/span>  <\/span><\/span>   <\/span>(10 marks)<\/span><\/p>\n

3. Differentiate between financial and management accounting. <\/span><\/span><\/p>\n

                                                                                                <\/span>  <\/span><\/span>   <\/span>(10 marks)<\/span><\/p>\n

4. Briefly discuss five qualitative characteristics of financial information.<\/span><\/p>\n

                                                                                              <\/span> <\/span><\/span> <\/span>   (10 marks)<\/span><\/p>\n

5. Discuss the advantages and disadvantages of sole proprietor and limited liability company.<\/span><\/p>\n

   (20 marks)            <\/span><\/p>\n

     6. Discuss the classification of costs by illustrating them with diagrams.<\/span><\/p>\n

                                                                                          <\/span> <\/span><\/span> <\/span>    (10 marks)<\/span><\/p>\n

7. Discuss the difference between absorption costing and marginal costing approaches and     provide examples of each. <\/span><\/span><\/p>\n

                                                                                                         <\/span><\/span>    <\/span><\/span>(10 marks)<\/span><\/p>\n

 <\/span><\/p>\n

 <\/span><\/p>\n

 <\/span><\/p>\n

Special note:<\/span> <\/span>You are advised to use academic sources to support your arguments. Please make full reference to any sources you use since failure to do so may be regarded as plagiarism and would imply severe consequences. Please refer to the Referencing section below for more information and advice.<\/span><\/p>\n

 <\/span><\/p>\n

Assignment instructions<\/span><\/p>\n

 <\/span><\/p>\n

Structure<\/span><\/p>\n

You have been asked to produce a report.  It should contain the following:<\/span><\/p>\n

\u2022 Title Page, including the given title in full.<\/span><\/p>\n

\u2022 Abstract (No more than 50 words)<\/span><\/p>\n

\u2022 Contents Page<\/span><\/p>\n

\u2022 Introduction<\/span><\/p>\n

\u2022 Main body, which should also be organised under appropriate headings.<\/span><\/p>\n

\u2022 Conclusion & recommendations<\/span><\/p>\n

\u2022 Appendices, which should be numbered.<\/span><\/p>\n

\u2022 Make sure you refer your reader to them as required.<\/span><\/p>\n

\u2022 Word count; excluding appendices and references list<\/span>.<\/span><\/p>\n

 <\/span><\/p>\n

 <\/span><\/p>\n

Presentation<\/span><\/p>\n

Your work should be word processed in accordance with the following:<\/span><\/p>\n

\u2022 Font style, Times New Roman, font size 12<\/span><\/p>\n

\u2022 1.5 line spacing.<\/span><\/p>\n

\u2022 The page orientation should be \u2018portrait\u2019<\/span><\/p>\n

\u2022 Margins on both sides of the page should be no less than 2.5 cm<\/span><\/p>\n

\u2022 Pages should be numbered<\/span><\/p>\n

\u2022 Your name should not appear on the script.<\/span><\/p>\n

Your student number should be included on every page<\/span><\/p>\n

 <\/span><\/p>\n

Skills advice<\/span><\/p>\n

 <\/span><\/p>\n

Refer to your material provided in your skills modules to make sure that you have conformed to academic conventions.  Pay particular attention to:<\/span><\/p>\n

\u2022 Your introduction,<\/span><\/p>\n

\u2022 Your conclusion,<\/span><\/p>\n

\u2022 The use of headings and\/or signpost words<\/span><\/p>\n

\u2022 Paragraph structure<\/span><\/p>\n

Do refer to Info skills at <\/span>http:\/\/writeitright.uelconnect.org.uk\/home\/<\/span><\/a>and <\/span>http:\/\/infoskills.uelconnect.org.uk\/<\/span><\/a><\/span><\/p>\n

 <\/span><\/p>\n

Referencing<\/span><\/p>\n

 <\/span><\/p>\n

The university expects students to use Harvard referencing as specified in the book Cite them Right.<\/span><\/p>\n

\u2022 Refer to <\/span>http:\/\/www.uel.ac.uk\/lls\/support\/harvard.htm<\/span><\/a><\/span>for further advice and a link to an online version of Cite them Right<\/span><\/p>\n

\u2022 <\/span><\/span>You should be careful to include citations within your work as well as a reference list at the end. <\/span><\/span>Unreferenced work will fail.<\/span><\/p>\n

 <\/span><\/p>\n

Word count<\/span><\/p>\n

 <\/span><\/p>\n

Your word count should not include your abstract, contents, references list or appendices. You should provide your word count at the end of your report.<\/span><\/p>\n

 <\/span><\/p>\n

Exceeding the word count by more than 10% will result in a penalty of 10% of your marks for your work.<\/span><\/p>\n

 <\/span><\/p>\n

If your work is significantly shorter, then you will probably have failed to provide the level of detail required.<\/span><\/p>\n

 <\/span><\/p>\n

<\/span>
<\/p>\n

Submission to Turnitin of work submitted for assessment<\/span><\/p>\n

 <\/span><\/p>\n

Our policy on the use of Turnitin recognises the educational desirability that all of our students should enjoy the opportunity to self-submit their work to Turnitin (before submitting for assessment).  We also recognise that Turnitin Originality Reports will sometimes assist in the identification of plagiarised work submitted for assessment.<\/span><\/p>\n

 <\/span><\/p>\n

Work that is submitted to Turnitin generates a Turnitin originality report, showing which parts of it have been reproduced from which sources. The system compares submissions to material that is to be found: on the world-wide web; in its database of previous submissions; and in its growing number of databases of published articles. You should not assume that a Turnitin originality report with a low similarity index is evidence that the piece of work concerned is free from plagiarism.<\/span><\/p>\n

 <\/span><\/p>\n

Our policy provides that a Module Leader may decide, in accordance with the policy of School of Business and Law, that all student submissions for a particular component of assessment should be submitted to Turnitin, provided that the relevant Module Guide includes a notice to that effect.<\/span><\/p>\n

 <\/span><\/p>\n

Notice is hereby given that all submissions of reports for this Module must be submitted to Turnitin.  Detailed guidance on how to submit your work to Turnitin will be made available on this Module\u2019s Moodle site.<\/span><\/p>\n

 <\/span><\/p>\n

If you fail to submit your report to Turnitin, in accordance with the guidance on the Moodle site, you will be awarded a mark of 0 for the component.<\/span><\/p>\n

 <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Details of the task   Fortunate Ltd operates in the United Kingdom (UK) and sells Product A – a perishable food item, which is ordered from suppliers. They also specialise in the manufacture and sale of Product B. As a recently established company, they are seeking a team of financial accountants to assist with their […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[9],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/36811"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=36811"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/36811\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=36811"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=36811"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=36811"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=36811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}